Stephan Tual, founder of Slock.it, talks about Ethereum-Based Smart Contracts that allow IoT devices, (such as door locks on Air BnB apartments) to be fully automated – unlocked and locked based on rules, such as when a rental payment is received for an apartment (unlocked) and 5 minutes after checkout time (locked). Other use cases are: electric charging stations that can be rented on demand, charging monitored remotely, and repaired if a signal showing malfunction is received.

Slock.it has recently received $2 million in funding and is poised for fast growth. Listen, subscribe, and rate Future Tech Podcast, and enjoy this fascinating interview!